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oriented education for the eligible persons belonging to Minorities. Under the scheme an amount of upto Rs. 20.00 Lakhs is available at the rate Rs. 4.00 lakhs p.a. for "technical and professional courses of durations not exceeding five years. Further, for courses abroad, a maximum amount of Rs.30.00 lakhs is available @ Rs.6.00 lakhs per annum for course duration of maximum 5 years. Funds for this purpose are made available to the SCAs at an interest rate of 2% p.a. for on-lending to the beneficiaries at 8% interest p.a for male beneficiaries & at 5% p.a for women beneficiaries. The loan is payable in maximum five years after completion of the course.
S. N.
I
Parameters
Scheme Details Loan Amount Maximum
Loan amount per beneficiary is :- Up to Rs.20.00 Lakhs for Professional & Job Oriented Degree Courses in India with amaximum duration of 5 years (a Rs. 4.00 Up to Rs.30.00 Lakhs for 'Courses Abroad with a maximum duration of
5 years a Rs. 6.00 Lakhs per annum. Rate of Interest for beneficiaries for 8% p.a. 5% p.a. male beneficiariesRate of Interest for beneficiaries for women Rate of Interest for SCA
2% p.a.
5
Moratorium period
6 months after completion of the course
or getting a job, whichever is earlier. Delegated alithority to SCA to SCAs are advised to sanction/disburse sanction loan
loan based on ground reality. Repayment period for beneficiaries 15 years
Repayment period for the SCA 5 years Means of Financing NMDFC : SCA90: 5:5 : Beneficiary contribution
(iii) Micro Financing Scheme :
This scheme envisages credit to the poorest amongst the poor through SCAs/NGO: and network of Self Help Groups (SHGs). It is an informal loan scheme which ensures quick delivery of loan at the door steps of the beneficiaries. Under thi scheme, small loans up to a maximum of Rs. 1.50 lacs per member of SHG an
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Minority
